Common use of Policy Requirements Clause in Contracts

Policy Requirements. The following requirements apply with respect to all Insurance required by this Section 6.10: (i) All Insurance policies will be in a form approved by Lender. (ii) All Insurance policies will be issued by Insurance companies authorized to do business in the Property Jurisdiction and/or acting as eligible surplus insurers in the Property Jurisdiction, which have a general policyholder’s rating satisfactory to Lender. (iii) All Property Insurance policies will contain a standard mortgagee or mortgage holder’s clause and a loss payable clause, in favor of, and in a form approved by, Lender. (iv) If any Insurance policy contains a coinsurance clause, the coinsurance clause will be offset by an agreed amount endorsement in an amount not less than the Replacement Cost. (v) All commercial general liability and excess/umbrella liability policies will name Lender, its successors and/or assigns, as additional insured. (vi) Professional liability policies will not include Lender, its successors and/or assigns, as additional insured. (vii) All Insurance policies will provide that the insurer will notify Lender in writing of cancelation of policies at least 10 days before the cancelation of the policy by the insurer for nonpayment of the premium or nonrenewal and at least 30 days before cancelation by the insurer for any other reason.

Policy Requirements. The following requirements apply with respect to all Insurance required by this Section 6.10: (i) All Insurance policies will be in a form approved by Lender. (ii) All Insurance policies will be issued by Insurance companies authorized to do business in the Property Jurisdiction and/or acting as eligible surplus insurers in the Property Jurisdiction, which have a general policyholder’s rating satisfactory to Lender. (iii) All Property Insurance policies will contain a standard mortgagee or mortgage holder’s clause and a loss payable clause, in favor of, and in a form approved by, Lender. (iv) If any Insurance policy contains a coinsurance clause, the coinsurance clause will be offset by an agreed amount endorsement in an amount not less than the Replacement Cost. (v) All commercial general liability and excess/umbrella liability policies will name Lender, its successors and/or assigns, as additional insured. (vi) Professional liability policies will not include Lender, its successors and/or assigns, as additional insured. (vii) All Insurance policies (with the exception of commercial general liability Insurance policies) will provide that the insurer will notify Lender in writing of cancelation of policies at least 10 days before the cancelation of the policy by the insurer for nonpayment of the premium or nonrenewal and at least 30 days before cancelation by the insurer for any other reason.

Policy Requirements. The following requirements apply with respect to all Insurance required by this Section 6.10: (i) All Insurance policies will be in a form approved by Lender. (ii) All Insurance policies will be issued by Insurance companies authorized to do business in the Property Jurisdiction and/or acting as eligible surplus insurers in the Property Jurisdiction, which have a general policyholder’s rating satisfactory to Lender. (iii) All Property Hazard Insurance policies will contain a standard mortgagee or mortgage holder’s clause and a loss payable clause, in favor of, and in a form approved by, Lender. (iv) If any Insurance policy contains a coinsurance clause, the coinsurance clause will be offset by an agreed amount endorsement in an amount not less than the Replacement Cost. (v) All commercial general liability and excess/umbrella liability policies will name Lender, its successors and/or assigns, as additional insured. (vi) Professional liability policies will not include Lender, its successors and/or assigns, as additional insured. (vii) All Hazard Insurance policies and liability Insurance policies will provide that the insurer will notify Lender in writing of cancelation of policies at least 10 days before the cancelation of the policy by the insurer for nonpayment of the premium or nonrenewal and at least 30 days before cancelation by the insurer for any other reason.

Policy Requirements. The following requirements apply with respect to all Insurance required by this Section 6.10: (i) All Insurance policies will be in a form approved by Lender. (ii) All Insurance policies will be issued by Insurance companies authorized to do business in the Property Jurisdiction and/or acting as eligible surplus insurers in the Property Jurisdiction, which have a general policyholder’s rating satisfactory to Lender. (iii) All Property Insurance policies will contain a standard mortgagee or mortgage holder’s clause and a loss payable clause, in favor of, and in a form approved by, LenderXxxxxx. (iv) If any Insurance policy contains a coinsurance clause, the coinsurance clause will be offset by an agreed amount endorsement in an amount not less than the Replacement Cost. (v) All commercial general liability and excess/umbrella liability policies will name LenderXxxxxx, its successors and/or assigns, as additional insured. (vi) Professional liability policies will not include Lender, its successors and/or assigns, as additional insured. (vii) All Insurance policies (with the exception of commercial general liability Insurance policies) will provide that the insurer will notify Lender in writing of cancelation of policies at least 10 days before the cancelation of the policy by the insurer for nonpayment of the premium or nonrenewal and at least 30 days before cancelation by the insurer for any other reason.

Policy Requirements. The following requirements apply with respect to all Insurance required by this Section 6.10: (i) All Insurance policies will be in a form approved by Lender. (ii) All Insurance policies will be issued by Insurance companies authorized to do business in the Property Jurisdiction and/or acting as eligible surplus insurers in the Property Jurisdiction, and which have a general policyholder’s rating satisfactory to Lender. (iii) All Property Insurance policies will contain a standard mortgagee or mortgage holder’s clause and a loss payable clause, in favor of, and in a form approved by, Lender. (iv) If any Insurance policy contains a coinsurance clause, the coinsurance clause will be offset by an agreed amount endorsement in an amount not less than the Replacement Cost. (v) All commercial general liability and excess/umbrella liability policies will name Lender, its successors and/or assigns, as additional insured. (vi) Professional liability policies will not include Lender, its successors and/or assigns, as additional insured. (vii) All Insurance policies (with the exception of commercial general liability Insurance policies) will provide that the insurer will notify the Lender in writing of cancelation of policies at least 10 days before the cancelation of the policy by the insurer for nonpayment of the premium or nonrenewal and at least 30 days before cancelation by the insurer for any other reason.

Policy Requirements. The following requirements apply with respect to all Insurance required by this Section 6.10: (i) All Insurance policies will be in a form approved by Lender. (ii) All Insurance policies will be issued by Insurance companies authorized to do business in the Property Jurisdiction and/or acting as eligible surplus insurers in the Property Jurisdiction, which have a general policyholder’s rating satisfactory to Lender. (iii) All Property Insurance policies will contain a standard mortgagee or mortgage holder’s clause and a loss payable clause, in favor of, and in a form approved by, LenderXxxxxx. (iv) If any Insurance policy contains a coinsurance clause, the coinsurance clause will be offset by an agreed amount endorsement in an amount not less than the Replacement Cost. (v) All commercial general liability and excess/umbrella liability policies will name LenderXxxxxx, its successors and/or assigns, as additional insured. (vi) Professional liability policies will not include Lender, its successors and/or assigns, as additional insured. (vii) All Insurance policies will provide that the insurer will notify Lender in writing of cancelation of policies at least 10 days before the cancelation of the policy by the insurer for nonpayment of the premium or nonrenewal and at least 30 days before cancelation by the insurer for any other reason.

Policy Requirements. The following requirements apply with respect to all Insurance required by this Section 6.10: (i) All Insurance policies will be in a form approved by Lender. (ii) All Insurance policies will be issued by Insurance companies authorized to do business in the Property Jurisdiction and/or acting as eligible surplus insurers in the Property Jurisdiction, and which have a general policyholder’s rating satisfactory to Lender. (iii) All Property Hazard Insurance policies will contain a standard mortgagee or mortgage holder’s clause and a loss payable clause, in favor of, and in a form approved by, Lender. (iv) If any Insurance policy contains a coinsurance clause, the coinsurance clause will be offset by an agreed amount endorsement in an amount not less than the Replacement Cost. (v) All commercial general liability and excess/umbrella liability policies will name Lender, its successors and/or assigns, as additional insured. (vi) Professional liability policies will not include Lender, its successors and/or assigns, as additional insured. (vii) All Hazard Insurance policies and liability Insurance policies will provide that the insurer will notify the Lender in writing of cancelation of policies at least 10 days before the cancelation of the policy by the insurer for nonpayment of the premium or nonrenewal and at least 30 days before cancelation by the insurer for any other reason.

Policy Requirements. The following requirements apply with respect to all Insurance required by this Section 6.10: (i) All Insurance policies will be in a form approved by Lender. (ii) All Insurance policies will be issued by Insurance companies authorized to do business in the Property Jurisdiction and/or acting as eligible surplus insurers in the Property Jurisdiction, and which have a general policyholder’s rating satisfactory to Lender. (iii) All Property Insurance policies will contain a standard mortgagee or mortgage holder’s clause and a loss payable clause, in favor of, and in a form approved by, Lender. (iv) If any Insurance policy contains a coinsurance clause, the coinsurance clause will be offset by an agreed amount endorsement in an amount not less than the Replacement Cost. (v) All commercial general liability and excess/umbrella liability policies will name Lender, its successors and/or assigns, as additional insured. (vi) Professional liability policies will not include Lender, its successors and/or assigns, as additional insured. (vii) All Insurance policies will provide that the insurer will notify the Lender in writing of cancelation of policies at least 10 days before the cancelation of the policy by the insurer for nonpayment of the premium or nonrenewal and at least 30 days before cancelation by the insurer for any other reason.

Policy Requirements. The following requirements apply with respect to all Insurance required by this Section 6.10: (i) All Insurance policies will be in a form approved by Lender. (ii) All Insurance policies will be issued by Insurance companies authorized to do business in the Property Jurisdiction and/or acting as eligible surplus insurers in the Property Jurisdiction, which have a general policyholder’s rating satisfactory to Lender. (iii) All Property Insurance policies will contain a standard mortgagee or mortgage holder’s clause and a loss payable clause, in favor of, and in a form approved by, Lender. (iv) If any Insurance policy contains a coinsurance clause, the coinsurance clause will be offset by an agreed amount endorsement in an amount not less than the Replacement Cost. (v) All commercial general liability and excess/umbrella liability policies will name Lender, its successors and/or assigns, as additional insured. (vi) Professional liability policies will w9ill not include Lender, its successors and/or assigns, as additional insured. (vii) All Insurance policies will provide that the insurer will notify Lender in writing of cancelation of policies at least 10 days before the cancelation of the policy by the insurer for nonpayment of the premium or nonrenewal and at least 30 days before cancelation by the insurer for any other reason.